Error in Judgement

I made an error in my judgment. I expected too much and ignored my gut feeling. Then I went against my number one rule: learn when to walk away. The signs were there; I saw them but thought it may be a glitch. I was trying to keep a positive outlook on everything. I guess the biggest lesson for me here is to move forward and keep running straight. There will be a lot of shiny objects along the way; I should ignore them and get to the end.

You may ask, What error did I make? So, a few months back, I reconnected with a buddy of mine from the US Air Force. We discussed business, and he did mention that he was stacked. He reminded me of the conversations we had about putting up a beach resort. We talked about this when we were in Saudi Arabia. I was excited, to be honest. I sent him several proposals regarding other ideas I had. It was to provide other sources of income while we plan on getting the resort off the ground.

Now, I am working on a web application; it is an on-demand expert advisory service. The plan is to conduct a beta test by September, iron out the kinks, and then launch it by November. That is the tentative plan. I discussed with him the cost and what I needed to fund the project. He agreed to fund it. When I asked him for his information so I could draft the investment and loan agreement, he mentioned that he would transfer the fund when he gets here.

I was annoyed. I did not message him for a while. However, my niece told me that she understood where he was coming from. Despite my personal and quiet objection, I reconsidered. Him and I discussed his other plans while I worked on my project.

After weeks and months of waiting, he arrived in the Philippines. We briefly discussed the funding I needed. I mentioned that I would convert the investment to a loan and shrink the funds required. He then told me via text that he would put his money in sound investments.

I felt insulted. I told him the funds were a loan, not an ask. He said I hope I understood his position. I told him that I understood it well; I am not a sound investment. Not even eligible for a loan. Damn, that is cold.

What is the moral lesson of the story? I need to keep my eyes away from any distractions and discard dead weight.